## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Grants to Charitable
Organisations|FY2022/23|FY2021/22|FY2020/21|FY2019/20|FY2018/19| |---|---|---|---|---|---| |Number ofapplications
considered|14|12|14|18|15| |Total amount offunds
requested|833,981|f57,840|553,551|640,720|F36,516| |Number ofgrants
awarded|12|10(including
extraordinary|9(including
extraordinary|13|10| |||grant|rant||| ||829,961|653,000|f41,026|623,850|F18,120| |Amount ofgrants|||(including||| |awarded|||extraordinary||| ||||rant)||| |Extraordinary
grant||830,000|f20,000||| |Percentage of|||||| |applications
awarded||83%|64%|72%|66%| |rants|||||| |Average grant size
(excluding|82,497|E2,555|62,628|61,834|F1,812| |extraordinary
grants)|||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Permanent|||| |---|---|---|---|---|---|---|---|---| |||||Notes|Endowment|Income|Total|Total| ||||||fund|funds|2023|2022| ||||||F|6|F|5| |Income||||||||| |Investment
income||||||70,221|70,221|65,319| |Total income||||||70,221|70,221|65319| |Expenditure||||||||| |Costs ofraising funds
Investment
management||costs||3|~45.075||~15.075|~15751| |Expenditure
on charitsb/e||activities||||||| |Grant making||||||||| |Grants committed
Grant related support/governance|||costs|4/16
4/5/6||(40,551)
~13.58D|(40,551)
~13,580|(63,621)
~13,4\8| |||||||~64,131|~54, 131|~77067,| |Totalexpenditure|||||~15,075|~04131|~69206|~02 821| |Net (losses)/gains|on investments|||11|(159,775)|(40,565)|(200,340)|197,190| |Net income/(expenditure)|||||(174,850)|(24,475)|(199,325)|169,688| |Reconciliation
of|funds|||||||| |Total funds brought|forward||||3,115,753|614,325|3,730,078|3,560,390| |Total funds carried|forward|||15|2,940,903|589,850|3,530,753|3,730,078| ## ## ## ## ## ## ## ## ## ## ## ## |The amount committed
in the|year c|omprises:||| |---|---|---|---|---| ||||2023|2022| ||||f|8| |3grants to former employees|ofthe|family ofthe settlor (2022:3)|10,590|10,621| |12grants to charitable
organisations||(2022: 10)|29,961|63000| |Support costs (note 5/6)||||6,467| |Governance
costs (note 5/6)||||6,979| ||||13,580|13,446| ||||64131|77067| ## |Charitable
A|ctivities
is shown|in the table below:|||||| |---|---|---|---|---|---|---|---| |Cost Type||Total|Governance|Support|Basis of||| |||Allocated||Costs|Apportionment||| ||||5||||| |Staff costs||7,036|1,055|5,981|Staff time||| |Office rental|and costs|1,188|119|1,069|Staff time/usage||| |Professional|fees|25||25|Staff time/usage||| |Sundry costs||397|60|337|Staff time/usage||| |||9,646|1,234|7,412|||| ||||||2023|2022|| |Governance|costs||||8||| |Independent|examination||||900||805| |Travel and meeting costs|||||140||160| |Legalfees|||||3,894|4,980|| |Staff costs|||||1,055||924| |Office rental and costs|||||119||110| |Sundry costs|||||60||| ||||||6,168|6,979|| ## ## ## ## |Miss M M Scott is also a trustee ofFrancis|C Scott Charitable
Trust.
T|he staff|costs re-|char| |---|---|---|---|---| ||2023||2022|| ||f|||| |Salaries|5,901||5,043|| |Social security costs||583||524| |Pension costs||552||480| ||7|036|6,047|| ## ## ## ## |||||Permanent||| |---|---|---|---|---|---|---| |||||Endowment|Income|Total| |||||fund|funds|2022| |||||6|5|5| |Income||||||| |Investment
income|||||65,319|65,319| |Total income|||||65,319|65,319| |Expenditure||||||| |Costs ofraising funds
Investment
management||costs||~75,575|~244|~15,754| |Expenditure
on charitable||activities||||| |Grant making||||||| |Grants committed
Grant related support/governance|||costs||(63,621)
~13,446|(63,621)
~13.446| ||||||77,067|77,067| |Total expenditure||||15,510|77,311|92,821| |Net profits/(losses)|on investments|||171,290|25,900|197,190| |Net income/(expenditure)||||155,780|13,908|169,688| |Reconciliation
of|funds|||||| |Total funds brought|forward|||2,959,973|600,417|3,560,390| |Total funds carried|forward|||3,115,753|614,325|3,730,078| ## ## ## |||||||Permanent||| |---|---|---|---|---|---|---|---|---| |||||||Endowment|Income|Total| |||||||fund|funds|2022| |||||||E||F| |Fixed assets||||||||| |Investments||||||||| |- Endowment||fund||||3,119,577||3,119,577| |-Income|Invested||Fund||||571,730|571,730| |||||||3,119,577|571,730|3,691,307| |Current assets||||||||| |Cash|||||||52,657|52,657| |Debtors|||||||223|223| ||||||||52,880|52,880| |0 dtt:0
t I It gd
Net current (liabilities)/assets|||||Itdt|7:~3,824
~3,824|10,285
42,595|14,109
38,771| |7 t
I|I|I||tlt 06tt||3,115753|614.325|3730078| |Creditors:|Amounts||falling due after more|||||| |than one|year|||||||| |Total net assets||||||3,115,753|614,325|3,730,078| |Funds||||||3115753|614325|3730078| ## ## |11|Investments||||||| |---|---|---|---|---|---|---|---| ||a) Endowment
fund||||||| |||||||2023
6|2022f| ||Market value at beginning||ofyear|||3,105,217|2,925,371| ||Acquisitions
at cost|||||1,087,291|1,165,059| ||Disposal proceeds
Net (losses)/gains
on revaluation|||||(1,097,712)
~159,775|(1,156,503)
171,290| ||Market value at end ofyear|||||2,935,021|3,105,217| ||Uninvested
cash and settlements|||pending||9,597|14,360| |||||||2 944 618|3 119577| ||Investments
at market value comprise||||||| |||||||2023|2022| |||||||f|| ||Fixed interest|||||288,523|280,506| ||Multi-asset|||||717,702|802,759| ||Alternative
investments|||||153,664|178,483| ||Global equities|||||973,520|900,639| ||UK equities|||||338,342|441,792| ||Overseas equities|||||463,270|501,038| |||||||2,935,021|3,105,217| ||Historical cost at end ofyear|||||2 194030|2208 389| ||b) Income invested|fund|||||| |||||||2023|2022| |||||||6|6| ||Market value at beginning||ofyear|||567,482|568,197| ||Acquisitions
at cost||||||| ||Disposal proceeds
Net (losses)/gains
on revaluation|||||~40.665|(26,615)
25,900| ||Market value at end|ofyear||||526,917|567,482| ||Uninvested
cash and|other settlements|||pending|4 248|4,248| |||||||531,165|571,730| ||Investments
at market value||comprise||||| |||||||2023|2022| ||Multi-asset|||||526,917|567,482| ||Historical cost at end|ofyear||||302,085|302,085| ## ## ## |||2023
f|2022f| |---|---|---|---| |Material
Investments|are:||| |Carvetian
Generation|Fund|1,131,067|1,218,142| |Stramongate
SA Shares||521.945|524,030| |12|Cash||||2023
f||2022f| |---|---|---|---|---|---|---|---| ||Cash at bank||||36,148||22,247| ||Fund manager||||30,424||30,394| ||COIF||||||16| ||||||66|572|52667| |13|Debtors||||2023
f||2022f| ||Income Funds||||||| ||Prepayments|and accrued||income||169|223| |14|Creditors:|Amounts|falling due within one year||||| ||||||2023||2022f| ||Income Funds||||||| ||Grants payable||||||3,000| ||Accruals||||8,056||7,285| ||||||8,056||10,285| ||Permanent|Endowment||Funds|||| ||Accruals||||3,715||3,824| ||||||11.771||14,705| ## ## |15|Analysis offund|movements|movements|||||||| |---|---|---|---|---|---|---|---|---|---|---| |||||Balance at|Incoming||Resources||Loss on|Balance at| |||||31stMarch|resources||expended||investments|31stMarch| ||Permanent
Endowment
Income Funds
Income Invested
Fund
Income reserves||Fund|2022f
3,115,753
561,239
53,086|f
~5,075 ~759,775
(40,565)
7D221 ,~
-|||||2023
294D 903
520,674
69.176| |||||614,325|70,221||(54,131)||(40,565)|589,850| |||||3,730,078|D,|1|~69,206||~200,340|3,530,
3| ||The restrictions
imposed||and the purpose ofeach||fund is set out||in accounting|policy|note 1(f)on|page 12.| |||||Balance at|Incoming||Resources||Gain on|Balance at| |||||31stMarch|resoumes||expended||investments|31stMarch| |||||2021||||||2022| |||||f.|||||f|| ||Permanent
Endowment||Fund|2,959 973|||~15510||171290|3115
3| ||Income Funds|||||||||| ||Income Invested
Income reserves|Fund||572,227
28,190|65,319||(36,888)
~40.423||25,900|561,239
~3D96| |||||6D0,417|65,319||(77,311)||25,900|614,325| |||||3.58D,390|85 319||~92,6||9, 90|3,73D,075| |16|Schedule ofGrants Committed|||||||||| ||||||||||2023f|2022f| ||Charitable
Organisations|||||||||| ||Benedetti Foundation||||||||3,000|| ||Birtenshaw||||||||1,500|| ||Bolton Lads 8 Girls Club||||||||3,000|| ||Bolton Community|Kitchen||||||||1,500| ||Bolton CVS||||||||3,000|| ||Bolton Deaf Society|||||||||3,000| ||Bolton Guild of Help||||||||3,000|3,0DO| ||Bolton Lions Club||||||||3,000|| ||Bolton YMCA|||||||||30,000| ||Christians
Against|Poverty|(Horwich)|||||||3,000| ||Church
Homeless|Trust||||||||2,000| ||Create Bolton||||||||2,000|| ||DeafBlind
UK||||||||1,387|| ||Famworth
Baptist|Church|||||||3,000|| ||Fortalice Ltd|||||||||3,000| ||Hafway|||||||||3,000| ||High Hopes For Halliwell||||||||1,574|1,500| ||Reach Family Project||||||||3,000|3,000| ||Youth Leads UK||||||||2,50D|| ||||||||||29,961|53,000| ||Individuals|||||||||| ||Payments
made to former||employees|ofmembers|ofthe family ofthe Settlor||||10,590|10,621| ||||||||||0,5 1|63.|